The spot rate for the pound is £0.53 = AU$1 and for the euro is €0.78 = AU$1.What is the £/€ cross rate?
A) £1.4723/€1
B) £0.6795/€1
C) £1.4717/€1
D) £0.6787/€1
E) £0.6775/€1
Correct Answer:
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